ACST101 - Last Minute Help (2 Viewers)

[redruM]

in light of exam week madness, how to study for elements?

for oldies, what were the 3 techniques questions on?

 

[flamin']

Elements: Just cram 1 day before hand.
Techniques: Just practise as much as you can.

 

[ReaveR]

Hm, last sem I think I had a bonds question with tax, and I think there was a loans one... memory's not that good, but they aren't that much harder than any of your tutes. Do as much as you can for techniques, elements yeah cram day before lol

 

[...]

i'm planning to revise the tute wk by wk..

up to wk 9 now, then yea practice and past paper!

 

[ReaveR]

Study elements too, they're tricky as fuck.
Techniques is pretty straightfoward if you did all of your tutes and assignments/quiz.

 

[Grizzly]

Apparantley, to get yourself away from a Credit, into D's, u must do really well in the elements section - where most ppl do the worst overall, since the marks for tech's are high..

btw change title to last minute help

*sigh* dont make me start an econ141 one

 

[-=«MÄLÅÇhïtÊ»=-]

my tip is to eat lots of cocoa so u dun fall asleep during elements. and u do plan to fall asleep on ur notes, let go of ur pen b4 hand otherwise u wake up with pen marks all over the place

 

[bigredboof]

I agree with Reaver.

The elements questions are really tricky. Its those type of multiple choice where theres two answers that It could be, and if you study well, you'll only be able to tell the difference.

If you go through all tutes and class exams, shouls do good. The multiple choice questions do include simple Interest, changing interest rates, PV, IRR, promiisory notes, perpituity, interpolation calculations.

Yeah with the 3 technique qns were Annuity, , A housing Loan and there was a bond question. And pretty much everything got inculded, I.e tax, sinking fund etc for bonds.
Its pretty much all the same type of questions with previous exam papers that he hands out. There really aren't any surprises

 

[Grizzly]

my tip is to eat lots of cocoa so u dun fall asleep during elements. and u do plan to fall asleep on ur notes, let go of ur pen b4 hand otherwise u wake up with pen marks all over the place

lol, why cocoa

 

[flyin']

Elements - Practice the questions they give you, and the class tests and anything else you can get.

Techniques - Should be very similar to every other final exam.

 

[*hopeful*]

yeh do all practice qstns n stuff
for elements theres like 7/8 mc on the net, just do them

even i did well in acst101 and i wuz so dumb in the beggining, i used to post qstns for malachite 2 answer 4 me

 

[-=«MÄLÅÇhïtÊ»=-]

ye...
ur too smart now..
ive become obsolete

 

[Grizzly]

can some smart acst'er properly explain sinking funds to me.... :>
I get the theory, just, there is no new method ...its just like an annuity yeah ???

thanks

 

[ReaveR]

Is that when you just put deposits in and they'll accumulate to some value at the end?

Then its just like an ordinary annuity. You have a value at the end which you want to withdraw, they'll usually give you interest and you use the S function to move the payments of X foward to the end...I think?

Or I may be thinking about something else entirely...

 

[bigredboof]

yes it uses annuities.

A good way to check your answer is if you sub in the time values when you will be reapyig the loan and make sure there is wnough in the sinking fund.

I.e if you set up a sinking fund to accumulate $60,000 after 12 years, then make sure thant your answer wil give be $60,000 + x cents (due to rounding)

Also just make sure that if th eqn asks you to calculate the half yearly expense that you add the sinking fund + interest cost

 

[bigredboof]

half yearly expense

sorry, I meant any time period

 

[Grizzly]

yes it uses annuities.

A good way to check your answer is if you sub in the time values when you will be reapyig the loan and make sure there is wnough in the sinking fund.

I.e if you set up a sinking fund to accumulate $60,000 after 12 years, then make sure thant your answer wil give be $60,000 + x cents (due to rounding)

Also just make sure that if th eqn asks you to calculate the half yearly expense that you add the sinking fund + interest cost

Thanks, so your basically JUST calcualting R ?
=D

 

[ReaveR]

Yeah, although I think sometimes they have a random withdrawl in the middle or something like that to try and throw you off. I'll try and find my old tute papers to look for you.

 

[bigredboof]

even if you withdraw funds during the length of time, you can still do a check at that time period.

i,e if you set up a sinking fund so you can withdraw $2000 after 3 years, $8000 after 6 years and $100000 after 10 years, when you sub in the time up to three years your on the right track if there is over $2000 accumulated. Same for up to 6 years, then 10 years.

Sorry I odnt remember what R means, but you usually need to find how much your depositing into the sinking fund, OR the time period measured expensse (i.e sinking find + interest)

 

[...]

i heard the pass exam focuses a bit on tax on bonds and stuff like that

not sure if its right, but i'll do as many practice paper as i can